Nowadays in European, American and most westernized markets, financial institutions such as Credit Swiss, Deutsche Bank, HSBC, the Islamic Bank of Britain etc, are offering more products and services of Islamic finance. Moreover, a great number of financial institutions in GCC (Gulf Cooperation Council) countries and Asia are managing funds of over US$300 billion, and are encouraged from their markets to provide Islamic financial products. As a result of the growth market of Islamic finance, the demand for risk management for Islamic financial products and services is becoming a very hot issue for both westernized and Islamic financial markets.

This book presents a common framework on how to efficiently manage the risks faced, by identifying where the Islamic financial products and services are risk exposed, to effectively minimise the overall degree of Islamic financial risks.
Case studies and examples provide good understanding of the abovementioned issues, and many others, as well as on how to practically implement the steps of risk management framework for the Islamic financial institutes.
Risk management for Islamic banking financial products and services is one of the greatest challenges that many westernized as well as Islamic Banks are phasing nowadays. Therefore, this book will be a valuable guide for those that are working on both non-Islamic and Islamic finance.